Author: NBTC
The Bitcoin price rose to $38.475 yesterday, marking a marginally higher high for the year. Nevertheless, the price did not manage to close the day above the important $38,000 mark. Shortly before the end of the day, the bears managed to push the price down again. As crypto analyst Daan Crypto Trades remarked, “Market does its best to shake out everyone trying to pre-position for a possible Bitcoin ETF approval. It’s just free liquidity for the MMs/Whales. Sweep highs, trap longs, squeeze out longs, bait shorts, front run lows and repeat the whole process.” Bitcoin price | Source: X @DaanCrypto…
In a bold projection, Standard Chartered, the British multinational bank, envisions a substantial surge in the value of Bitcoin, anticipating it to reach $100,000 by the conclusion of 2024. Observing Bitcoin’s impressive resurgence throughout the current year, the bank identifies the onset of what they refer to as the ‘crypto spring.’ This period of renewed vitality in the cryptocurrency market has sparked optimism, leading Standard Chartered to set an ambitious target for Bitcoin’s future valuation. Bitcoin Surpasses $38,200, StanChart Predicts $100K By 2024 The world’s largest cryptocurrency, Bitcoin, attracted interest from institutional investors once again this week, as its price…
Bitcoin has currently entered a stage where the bulls and the bears are vying for absolute control over the price, meaning that it could swing either way. While sentiment is still mostly bullish from here, there is still the possibility that the bears could win out and this side of the coin has prompted crypto analyst FieryTrading to map out what could happen if this ends up being the case. Identifying The Bearish Side Of Bitcoin In the analysis, FieryTrading identified an indicator that might point toward a bearish reversal for Bitcoin and this was the Wyckoff distribution pattern. The…
Ethereum has formed a “golden cross” pattern on the 1-week timeframe, marking the second such signal this year. While the long-term implications could be very positive if history repeats itself, there are reasons to temper expectations. A weekly golden cross has formed | ETHUSD on TradingView.com Ethereum Golden Cross And A Possible Target For New ATHs 1W ETHUSD has formed a golden cross for the second time in 2023. A golden cross is a buy signal in moving average-based trading systems. It suggests that the trend is moving in an upward direction and because trends tend to persist, this is…
The European Union (EU) plans to take a extra proactive method to creating digital worlds. The target is to help EU companies and cut back reliance on tech sources outdoors the EU. This strategic plan goals to deliver the idea of a ‘Metaverse‘ into Europe’s digital future. EU’s Strategy to Digital Worlds The European Union (EU) is emphasizing the event of, what they name, “Internet 4.0” and digital worlds that leverage 3D and prolonged actuality (XR) applied sciences to create immersive environments. Members of the European Parliament (MEPs) have requested the Fee to evaluate the prevailing digital rules often and…
On the current GDEC 2023 convention, Ravi Menon, Managing Director of the Financial Authority of Singapore (MAS), critiqued Bitcoin and comparable digital currencies, questioning their viability as a type of cash. Menon asserted that non-public cryptocurrencies, together with Bitcoin, have “miserably failed the check of cash,” primarily resulting from their volatility and use as autos for hypothesis fairly than steady shops of worth. This attitude aligns with a rising skepticism amongst monetary authorities relating to the practicality of cryptocurrencies in on a regular basis monetary transactions and financial savings. Nonetheless, Menon’s reference to Bitcoin as a ‘non-public cryptocurrency’ warrants scrutiny.…
The Securities and Exchange Commission’s (SEC) latest decision wasn’t enough to hold back the foremost cryptocurrency, Bitcoin. The cryptocurrency crossed $38,000 even on the back of the SEC’s move to delay two Spot Bitcoin ETFs. SEC Delays Templeton And Hashdex Bitcoin Spot ETF On November 28, the SEC delayed its decision on Templeton and Hashdex’s Spot Bitcoin ETF application. As part of the announcement, the Commission also invited comments on what has been its major concern up till now: the issue of fraud and manipulation and whether or not the surveillance agreements in place can help curb that. Despite this…
A recent analysis by crypto expert CryptoCon, focusing on the Ichimoku Cloud indicator, suggests a bullish outlook for Bitcoin, with a potential rally to $48,000 by early January. CryptoCon, in his latest analysis, highlighted the reliability of the Weekly Ichimoku Cloud, stating, “The Weekly Ichimoku cloud called our last Bitcoin rise to $38,000 2 months in advance with the cross projected in the future.” The analyst’s confidence stems from the indicator’s historical performance, which has reportedly signaled previous price movements with considerable accuracy – 11 weeks, 7 weeks, and 13 weeks in advance. Bitcoin Rally To $48,000 Ahead? The chart…
The Ethereum price has been trading more than 50% below its all-time high of $4,800 for the better part of a year now with no sign of returning to its previous all-time high. However, this slow trend may not continue for much longer as a crypto analyst has identified a pattern that could trigger a rally to its previous highs. Ethereum Stuck Inside A Bullish Triangle In an analysis that was posted on TradingView, crypto analyst FieryTrading identified a unique pattern that the Ethereum price has been trading in for almost two years. This pattern is a bullish triangle pattern…
Renowned finance author Robert Kiyosaki has never been shy about his support for Bitcoin and he continues to push for more adoption of the asset. Kiyosaki who wrote the infamous ‘Rich Dad Poor Dad’ book is back once again with a piece of advice, and a warning, for investors regarding Bitcoin. Buy Bitcoin Now, Says Kiyosaki In normal fashion, Kiyosaki took to Twitter to sound the warning about rising prices due to inflation. This tweet was made back on November 23 where the author lamented the reality of individuals who are having to live paycheck to paycheck and are unable…